SharpLink Stakes $112M in Fresh Ethereum Allocation

Nasdaq-listed SharpLink has continued to expand its Ethereum treasury after staking a large amount of ETH on September 29.

According to Lookonchain, the company staked 42,074 ETH, valued at around $112.8 million, bringing its total tracked holdings to 892,127 ETH, or roughly $2.4 billion.

The cumulative staking rewards for SharpLink now stand at 27,945 ETH, worth approximately $75 million.

The company's policy of staking nearly all of its ether has driven continual large allocations, such as the recent deposit.